KQ2- Recovery of the Weimar

Question 1

What were the 4 key points of the Dawes plan

Answer 1

1- The USA would give loans to Germany
2-Ruhr to be evacuated by allied troops
3-Reichbank to be re-org
4- Reperations would begin at 1b: First year and increase over 4yrs to 2.5m/year

Question 2

When was the Dawes Plan accepted

Answer 2

September 1924

Question 3

Explain the US loans

Answer 3

Began with a loan of 800m, over 6 years US would give loans of $3,000m

Question 4

Explain the Rentenmark

Answer 4

In November 1923, Stresemann intro a new currency called the Rentenmark.
Based on Property Value rather than Gold Reserved.
Next year it was backed by Gold reserves